Floki Inu (FLOKI) Jumps 50% Following Listing On Binance.US

  • The token rallied 50% to reach a six-week high of $0.000047 following the listing.
  • FLOKI is now among the world’s 100 largest cryptocurrencies by market capitalization.

FLOKI has gained more than 35% over the past 24 hours. The massive rally came after the world’s largest crypto exchange listed the Floki ecosystem’s native token on its American arm. The initial rally took the token as high as $0.000047, marking a six-week high. FLOKI is now among the 100 largest cryptocurrencies on CoinMarketCap.

According to the announcement on Binance.US on its official website, users will be able to trade FLOKI today at 5 a.m. PDT / 8 a.m. EDT. “The FLOKI ecosystem currently consists of a Play-to-Earn game, FlokiFi (DeFi), crypto education, Floki prepaid card (Visa/Mastercard), as well as NFT collections and marketplaces, with more applications to come,” the announcement read.

Floki broke the news on Twitter, describing the listing as a massive step that will do well to legitimize the project. With the listing on Binance.US, FLOKI joins the likes of popular memecoins DOGE and SHIB, which have been listed for quite some time. “We firmly complete the #memecoin trilogy with $DOGE and $SHIB,” Floki tweeted.

At the time of writing, FLOKI was trading at $0.000038. The listing on Binance.US has led to a 35% growth in the token’s market capitalization, taking it to a whopping $374 million. Opportunistic traders scrambled to long the token after the news of its listing broke, leading to an 1878% growth in its daily trading volume.

Earlier this week, Twitter recognized Floki as an organization and provided a gold tick mark on its official account. Last week Floki launched its staking program on its testnet to allow users to earn rewards. The mainnet launch will reportedly follow soon.

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